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Automotive Brake System Market to Reach $28.5 Billion by 2018 at a CAGR of 7.14% - New Report by MarketsandMarkets
Date:5/7/2013

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EBS: gaining market share in the Brake Industry

Considering automotive brakes demand by technology, (electronic brake system and non-electronic brake system vehicles), the vehicles with electronic brake assistance systems (EBS vehicles) are estimated to constitute gain the market share over vehicles with no electronic brake assistance in the next five years. The reasons such as increasing safety regulations, changing buyer preferences towards more safe and luxurious cars, zest to provide more advanced features in an automobile due to inter-company competition of automobile manufacturers etc. are influencing the demand for electronically assisted brakes.

Disc Brakes to go beyond Drum Brakes Market in next few years

The growing concerns over vehicle & passenger safety, stringent environmental & safety regulations and advantages of disc brakes over drum brakes have made the companies to consider disc brakes in all vehicle segments. Disc brake technology has better heat dissipation efficacy, lightweight, more effective in all-weather conditions and lesser stopping distance hence they are considered more reliable than drum brakes and all these benefits can be availed with not much additional cost. Due to all aforesaid reasons disc brakes have already started gaining a significant market share over drum brakes across the regions. However, penetration of disc brakes in the commercial vehicle segments is limited in the European region only, whereas other regions prefer disc brakes in passenger vehicle segment only.

Passenger Cars Prominent Market for Automotive Brakes:

Due to increasing population, improved lifestyle, and standard of living, the demand for passenger cars has increased significantly in past few years. Mass production techniques & lower manufacturing costs, cheap labor available in developing countries and greater benefits offered by vehicle manufacturers due to increasing inter-company competitions; h
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